NCLT admits insolvency petition, CIRP initiated against Gujarat Toolroom

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-2.6%-0.0% vs market

Plastic Products - Industrial peers, median of 43sector-2.7%+0.1% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.1 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

NCLT Ahmedabad admitted a Section 9 insolvency petition against Gujarat Toolroom Ltd and initiated the Corporate Insolvency Resolution Process (CIRP) via order dated 30 September 2026. Iqbal Singh Gandhi has been appointed as the Interim Resolution Professional. The company will now be run by the IRP under IBC rules. BSE scrip code is 513337.

Likely market impact

Very negative for shareholders. Stock likely to face sharp decline and possible trading suspension. Equity holders rank last in IBC payouts, risk total loss.